India contemplates compulsory dynamic 2FA for digital payments
August 1, 2024 at 11:37PM India’s central bank proposed new requirements for second authentication factors for digital payments, aiming to move beyond SMS OTP to consider biometrics, pins, passphrases, and hardware or software tokens. It prioritizes dynamic generation and single-use to enhance security, allowing banks to choose the AFA while mandating compliance and exceptions for … Read more